China Says Already Reached 2009 New Job Target

According to state reports, China has reached its job creation targets for 2009. From Ben Blanchard for Reuters, via Forbes:

In the first 10 months of the year China already exceeded the number of new jobs it aimed to create in 2009, state media said on Saturday, in another sign the country is emerging from the global economic crisis.

China created 9.4 million jobs in urban areas in the first 10 months, exceeding the government’s target of 9 million new jobs for the year, the official Xinhua news agency said, citing the Ministry of Human Resources and Social Security.

It added that about 4.4 million laid-off workers found new work in the January-October period, some 88 percent of the full-year goal of 5 million.

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